Resolved that the National Association of Home Builders (NAHB) urge Fannie Mae, Freddie Mac, and the Federal Housing Administration to implement more flexible rules regarding the allowable percentage of nonresidential space and income for projects with up to 45% nonresidential space and income permitted in loans they purchase or insure, subject to prudent underwriting that does not adversely affect the safety and soundness of the programs, to help promote the development of mixed-use properties and to help communities meet their housing and economic development goals.
Resolution originally adopted:
2011/01 No. 4
Committee with primary jurisdiction:
- Housing Finance Committee
View full text of resolution.